bank doesnt care as long as you make the payments

2.5% I pay on 190k.

pretty gold, in that regard

pssssh then you good vro

dont let it get appraised for over 250 tho

im not. property value is property value

then you cant do 1031 exchange

housing market is housing market. I want out. I need out. there is no work worth doing here any longer. no one builds. no one improves

take a loss with either S Corp and funnel equity loan gains back into it via shared depotis in cash

Banks never check savings accounts

then bankrupt the corp, lol?

No

You exchange the asset for lower then appraised value, mark down the loss, take equity loan out on it

nvm. its cool man, Im not gonna go crazy here, just wanna sell out and leave

renters pay more thann the payments

yea, if I kept renting both id probably be fine

though, at some point, even renters are hard to come by

Cash is king

cash is king

Id even consider selling your personal home to the other S corp as a rental

then just live in it

after a year then you'll be in the clear

still dont really understand what you mean to gain by that, but it's whatever. I'd prefer not being a refugee, in any case.

When you're a builder, and you can buy a house around town built 10 years ago for less than half what it would cost to build it, it's pretty much over

that's where we're at

```Thanks to IRC Section 1031, a properly structured 1031 exchange allows an investor to sell a property, to reinvest the proceeds in a new property and to defer all capital gain taxes. IRC Section 1031 (a)(1) states:

“No gain or loss shall be recognized on the exchange of real property held for productive use in a trade or business or for investment, if such real property is exchanged solely for real property of like-kind which is to be held either for productive use in a trade or business or for investment.”

To understand the powerful protection a 1031 exchange offers, consider the following example:

Assume an investor has $400,000 in gain and also $400,000 in net proceeds after closing. Assuming an investor with a $400,000 capital gain and incurs a tax liability of approximately $140,000 in combined taxes (depreciation recapture, federal capital gain tax, state capital gain tax, and net investment income tax) when the property is sold. Only $260,000 in net equity remains to reinvest in another property.
Assuming a 25% down payment and taking on new financing for the purchase with a 75% loan-to-value ratio, the investor would only be able to purchase a $1,040,000 replacement property.
If the same investor chose to exchange, however, he or she would be able to reinvest the entire gross equity of $400,000 in the purchase of $1,600,000 replacement property, assuming the same down payment and loan-to-value ratios.```

```As the above example demonstrates, tax-deferred exchanges allow investors to defer capital gain taxes as well as facilitate significant portfolio growth and increased return on investment. In order to access the full potential of these benefits, it is crucial to have a comprehensive knowledge of the exchange process and the Section 1031 code. For instance, an accurate understanding of the key term like-kind – often mistakenly thought to mean the same exact types of property – can reveal possibilities that might have been dismissed or overlooked. Asset Preservation, Inc. (API) is your resource to obtain accurate and thorough information about the entire exchange process.```

we weathered it as long as we could, but now we gotta go, and if we sell, we will do it at about break even, which is to say at a total loss of roughly 3 years labor. Hard facts. No amount of shuffling ownership is going to prevent that without some kind of fraud. Anyways. gotta get back to the fruitless slavery that is my life.

catch you guys later, I suppose.

Not if you sell it to your business

and keep it

but im talking about moving somewhere that isnt super depressed

id have to remotely manage the properties

Id like to do what im doing here, someplace else. I cant have 4 houses. all my equity is in the 2 I have now

...unless im still not following you. we know all about rolling gains into the next thing. you get a one time forgiveness on sale for profit of your primary residence, too, though

Check your interstate commernce laws

one of your business could be "venturing"

there would be no gain to consider

When really its your next personal

The gain is lower taxes

and then tax free rental income via enquity loan cash machine

either youre confused or I am

you dont pay taxes on losses

selling either of my homes would not be a tax consideration. they would sell for near enough to what i would call cost that I would show neither a gain nor a loss

https://www.realwealthnetwork.com/learn/how-to-do-a-1031-exchange-rules-definitions/

I could show a loss if i wanted to pay myself for my labor

but i would not

You show the loss in the S corp since all the profit and cash stays 100% insulated within the business

You make your salary larger

then defer it to retirement

jesus jman just kys

it would be simpler and quicker

stfu @7alon we're actually having a decent discussion here

that's kinda where Im at

I understand what you;re sayin ron

Its your tax free haven, use it

techincally everything you do can be for the S corp

> muh real discussions
> muh care factorzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

the LLC is your property mgmt

cash flow small transaction

yea, you're still missing the fundamental problem, which is not how little tax I want to pay, its that values are not there, and income is not there

how many business do you have and how are the structred

which assets are in which

how is the rental zoned

multi unit or single family

I have a personal home, I have a house for sale that is technically owned by an llc "XXX properties LLC," then my dad and I have a contracting company XXX Builders, INC., and then we have a development partnership, which is an S corp, and holds 2 houses for rent in partnership with our excavation guys, but was much more important to us 15 years ago when we were developers. XXX Enterprises, LLC was that development partnership which at the time held property in various development stages. Again, now it only holds two houses and rents, but involves a third party partner

INB4 RON HAS AN ANURYESIM

XXX properties LLC, in addition to holding the house, which is my interest, that I have for sale, also holds a 4 family rental, whcih if I wasnt leaving we would not be selling

Dont sell the house under the LLC

our primary salary comes from XXX Builders, inc. the partnership is all on the books and makes a little money, but never enough not to be able to expense...

all other rental income is just cash

generally unclaimed

Ok

again, i cant imagine how that should matter if im selling for a wash

but w/e\

What percentage is the partner in for

50%

```Rule 3: Greater or Equal Value
In order to completely avoid paying any taxes upon the sale of your property, the IRS requires the net market value and equity of the property purchased must be the same as, or greater than the property sold. Otherwise, you will not be able to defer 100% of the tax.

For example, let’s say you have a property worth $2,000,000, and a mortgage of $500,000. To receive the full benefit of the 1031, the new property (or properties) you purchase need to have a net worth of at least 2 million dollars, and you’ll have to carry over at least a $500,000 mortgage. It’s important to note that the $2,000,000+ value, and $500,000 mortgage, can go towards one apartment building or three different properties with a total value of $2,000,000+. (FYI: Acquisition costs, such as inspections and broker fees also apply toward the total cost of the new property.)```

Do you have any brokers i the family

You can also defer for "Contruction improvements"

Is the partner only in the S corp

when it was the development company (when it was active) XXX builders were the contractors, so it was meant to separate the raw property, which we were partners in the develpment of, from what the contracting side made, because the partner was not part of the building process, aside from excavation, which we handled through the builders llc

what you;re saying is not different, in principle, from any intrabusiness expense

you make a profit, you either call it profit, or spend it on something for the business and call it expense or an asset for depreciation....

that's why if you're running a shell holding company, or even if you arent, for that matter, when you sell a house at a gain, if you roll it into another like asset, you're just expensing the profts, or, in effect, placing them ina company asset for depreciation, which is the same thing

you still only pay taxes on things that make a gain, and cant gain by losing.

nor by breaking even

Take the equity loan out for the S corp to buy the home, 1031 exchange it from LLC to S Corp, Use equity loan to "pay construction company" for XYZ services. Excess cash is tax free income

the 1031 exchange is your muscle

It was created during the bubble and for w/e reason hasnt been modified since

https://www.rt.com/usa/443337-dennis-hof-nevada-brothel-winner/

ron, I wish you were making sense, i really do

Sing Swan! Your picture really highlights a wise real estate titan. He makes sense.

see ron

I tried to tell you

he is a retard

I would start with the 1031 exchange as your out

youre a fucking faggot dude

i do this shit for a lliving

then look at equity loan to wash it

cool

so do dr's

that have no clue

what they are doing

eadc

idk probably trolling strangers over some nonsense

or not

eiter way fuck off

kindly

there's no equity

maybe 20k i could pull out, over cost (owed)

on my personal home, i owe 130, could probably draw 50 on that (meaning bamk assessment of something like 210k)

the remodeled house im selling im into for 225, listed for 270, would take 250, bank would probably value at 235- 240 (for 2200 sq ft colonial, like new condition, high efficiency everything).

where's the equity?

...if youll pardon my persistence. Not trying to call you out or anything, just, feel like you're missing the tragedy here.

and there is one

https://media.discordapp.net/attachments/495039700776648714/509680826762395650/KEK_Vision-sys.8ch.net18.11.07-XX.49.51.png?width=571&height=546

really do have to get to work though, enough pitty time... ron, follow up in the DM's if you think there's something im still missing

https://www.foxnews.com/politics/georgias-stacey-abrams-refuses-to-concede-to-republican-brian-kemp-says-her-victory-within-reach.print

Ffs can't she just fucking accept defeat

Just do a full dive into the 1031 exchange and ask your FA about it if you have one. There's alot you can do with your sitch but I gotta get back to my day job for now @jman

https://twitter.com/realDonaldTrump/status/1060155917059219461?s=19

Looks like we caught us a Pelosi fish.😭👏🏻👏🏻👏🏻

These people are stupid.

she probably smells like rotten fish <:trumptroll:497946854642941953>

Good morning all you beautiful fuckers

Poor man is blind

😭 Macron reportedly asked Putin & Trump not to steal limelight in Paris with Helsinki-style meeting https://www.rt.com/news/443340-putin-trump-meeting-paris/

Imagine our surprise lol.

http://twitter.com/AP/status/1060155183529893888

Someone explain to me why this guy lives and deserved a trial?

Because we're better than them

Meh

You asked

Welp, Florida is gonna give faggots like this a right to vote.

And BAHAHAHAHA... Oh Minnesota...

This reality getting even more satirical daily.

Morning stedly, pen.

@Mr. Sofaking Fluffykins morning

newspaper | Democrat Defeated By Dead Brothel Owner In Nevada Legislature Vote

http://feedproxy.google.com/~r/zerohedge/feed/~3/-ea9TiPidA8/democrat-defeated-dead-brothel-owner-nevada-legislature-vote

Wew lads...

Can we still resuscitate him?

Right?

Meanwhile...

BAHAHAHA... She wont concede

Wow... shocker...🙄🔫

Also looks like the economic narrative has been being set up for the blame game portion of the correction. Nancy may be the speaker & Waters controlling the finances haha. Trump has been giving the heads up of bad times if they are in those positions. Also has been pointing the finger at the fed reserve. Would be good to have dems in those spots in the scenario that we start going back towards fair value

We will have to wait and see

Looking forward to the Trump/Putin meeting

Isn’t Xi in that meeting too?

https://twitter.com/PolishPatriotTM/status/1057357110755893248

remember, remember, the 6th of november, when the elections remove the treasonous rino members out of senate, and still keep control of it
as they toil and work from this time onward despite losing the house, remember, remember, the fisa still brings down the house

Isis,Ra, El... tick Tock bitches. Trust MIntel.

Military intelligence spending just posted biggest spike in a decade https://americanmilitarynews.com/2018/11/military-intelligence-spending-just-posted-biggest-spike-in-a-decade/

Wow... what’s going on over at MI?

🤔😉

I guess the DF’s in Detroit like dirty shitty drinking water...morons

...that or yay voter fraud...but more likely, meh handouts

Was really hoping John James could pull off the victory, even if it was a super long shot.

Pretty sure it's fraud.

Considering we just got the rundown on Illegals voting

The election hasn't been certified yet

It's not even a problem though as Q has implied

How did they CIA candidates do? Anybody track that?

Looks like you just volunteered

I nominate @Harry Saq to track the CIA candidates.

I too nominate @Harry Saq to track the CIA candidates

Third

Done.

🖕

Nope

You have to now

It's true

@Harry Saq its unanimous. Its your duty now.

Good luck.

Lol, maybe, assuming my actual jobs allows it

We have faith.

Why would your actual job not allow it?

They only allow discord not google

I avoided the results yesterday, as I can’t handle the smug and disinfo real time, so catching up on it all

Do you work 140 hours a week?

@Harry Saq there you go lazy.

Chris Wallace actually mentioned the women from military and CIA backgrounds that the Dems ran. Said they were doing well last night. Laura Ingram gave him a dirty look. Lol

Respectfully Bella, Chris Wallace belongs in prison with the rest of 666 News.

Yep

He’s shit

I think Fox just got really exposed last night. Of course we all knew but we are the enlightened ones. 😉😂

They have some voices worth listening to. Chris is not one

Reference article one (name gathering):
https://www.washingtonpost.com/news/powerpost/paloma/daily-202/2017/10/18/daily-202-ex-cia-officers-running-for-congress-as-democrats/59e6b25b30fb041a74e75de5/?utm_term=.24bc167119a4

Yes I was just about to look for that for you. See, you can do it!

Has anyone else noticed a lot of high ranking Air Force people are losing their jobs? No less than 3 articles in Millitary News about cleaning out the AF. Hope so. Russell and that plane in Seattle point smack dab at McCord AF Base.

Abigail Spanberger spent eight years as an operations officer for the CIA, recruiting and developing spies, with a focus on counterterrorism

She didn’t win though did she?

CIA Shill #1 has won it seems:

Crap. I thought Project Veritas took her out

Next shill on deck, Elissa Slotkin:
The Sept. 11, 2001, attacks happened during Elissa Slotkin’s first week living in New York City. She had just started her graduate studies at Columbia University. Because she was fluent in Arabic, the CIA recruited her to be a Middle East analyst and then deployed her to Baghdad. She served three tours in Iraq over five years.

>james okeefe exposing a cia nigger...

Yeah no. Theyre in a different class of corrupt.

They're ironically trained not to tell the untrusted their plans.

There was something about Veritas and her.. I don’t really remember

Anyway... she won

Shill #2 is a winner:

>CIA nigger

>Blonde hair. Blue Eyes

Next up, shill number 3, Jeff Beals:
Jeff Beals, 40, spent four years as a CIA intelligence officer after graduating from Harvard in 1998.

REEEEEEE

🆙 | **QDutchPatriots(NL) leveled up!**

👌 😎

🤜 🤛

Where is our reeeeeeeee?

...and shill number 3 was a longtime loser, having failed at winning the primary:
https://ballotpedia.org/Jeff_Beals

@Botchan reeeeeeeeee

:thinking:

His face looks very punchable. (Not that I condone that in any way)

I condone it

Ok. I condone you condoning it

We don't punch enough corrupt politicians in the face.

They should fear the people, not the people fearing the government.

We ain’t ANTIFA tho

ANTIFA attack their own.

They don't equate.

Article has already run out of shill...hmmm, thought there were more, final excerpt mentions one more guy, Patrick Ryan:
-- A handful of other Democratic House candidates also have intelligence backgrounds, though not at the CIA. Patrick Ryan, one of the top-tier contenders to face Faso in New York’s Hudson Valley, served two combat tours in Iraq, including one as the lead intelligence officer for an infantry battalion in Mosul. After retiring as a captain, the West Point grad started a successful cybersecurity firm.

Hiya peeps. Just waiting on POTUS' speech...

https://www.youtube.com/watch?v=J19Rf-IdMNI

There are more. I thought 9-11, I remember vaguely... maybe including ex military though @Harry Saq

Woke up and my boss is still my boss, hot damn!

I’m happy for you @GeneralTweed

And it's funny, you look at the mail-in ballots and there were more Democrat mail in ballots than republican, but republicans swept that particular race.

...ol’pat ryan seems to be a loser:

Ohio stayed RED. Makes me happy.

Article bears no more fruit for former intel candidates, but said there were more not mentioned...have to consult the Q post where he points it out...but pretty sure he just pointed to the article I just mined for names.

Yay @Deleted User I’m happy too. For Ohio AND for Texas! Those blue bastards are gaining too much ground here for my liking

I did NOT think he would, but if fuckin Beto won here, I would have been on suicide watch today

...and here is the relevant Q post for further mining:
THEY WANT THE KEYS TO THE KINGDOM.
http://www.chicagotribune.com/news/nationworld/politics/ct-abigail-spanberger-cia-gop-20180829-story,amp.html
https://www.washingtonpost.com/news/powerpost/paloma/daily-202/2017/10/18/daily-202-ex-cia-officers-running-for-congress-as-democrats/59e6b25b30fb041a74e75de5/?utm_term=.fe9dbeb5b033
https://www.cnn.com/2018/04/18/politics/intel-officers-running-against-trump-2018/index.html
[ACTIVE]
Q

https://youtu.be/TwCxKwwMmLo

@Bellalu No suicide watch, you're too important.

WaPo Article yielded these names:
Abigail Spanberger - winner
Elissa Slotkin - winner
Jeff Beals - loser (primary)
Patrick Ryan - loser (primary)

Potus is speaking!

Yep, had to pause...switched stream to work PC so I can finish this dig... 😬

Got a comedian here. POTUS

Results from Q post articles:

https://www.chicagotribune.com/news/nationworld/politics/ct-abigail-spanberger-cia-gop-20180829-story,amp.html
Abigail Spanberger- Won


https://www.washingtonpost.com/news/powerpost/paloma/daily-202/2017/10/18/daily-202-ex-cia-officers-running-for-congress-as-democrats/59e6b25b30fb041a74e75de5/?utm_term=.50fd2676b3dc
Dems
Abigail Spanberger - Won
Elissa Slotkin - Won
Jeff Beals - Lost (primary)
Patrick Ryan - Lost (primary)
Gina Ortiz Jones - Expected to lose
Jay Hulings - Lost - (primary)
Reps
Andrew Grant - Lost
Will Hurd - Expected to win

https://www.cnn.com/2018/04/18/politics/intel-officers-running-against-trump-2018/index.html
Abigail Spanberger - Won
Elissa Slotkin - Won
Jeff Beals - Lost
Patrick Ryan - Lost
Gina Ortiz Jones - Expected to lose

Final Summary from all:
Dem Ex-Intel
Abigail Spanberger - Won
Elissa Slotkin - Won
Jeff Beals - Lost (primary)
Patrick Ryan - Lost (primary)
Gina Ortiz Jones - Expected to lose
Jay Hulings - Lost - (primary)
Rep Ex-Intel
Andrew Grant - Lost
Will Hurd - Expected to win